- N.Y.U. Law Review
- 12 February 2010
- Law Review Note
Paying-To-Play in Securities Class Actions: A Look at Lawyers’ Campaign Contributions
Drew T. Johnson-Skinner
Congress enacted the Private Securities Litigation Reform Act of 1995 (PSLRA) to reduce plaintiffs’ lawyers’ influence in securities class actions. The PSLRA’s presumption that the class member with the largest financial interest would be named lead plaintiff was meant to ensure that the class, not a law firm, would be… Read More »